LAKSH Career Academy

LAKSH Career Academy
Author: Hiren Dave

Friday, 10 July 2015

12 JULY 2015: Modi to meet Sharif @ SCO

Ø  Prime Minister Narendra Modi will meet his Pakistani counterpart Nawaz Sharif on Friday on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in the Russian town of Ufa. Senior Indian and Pakistani officials told The Hindu that while no agreements were yet on the agenda to be signed, broad “areas of cooperation” would be set out to take the talks process forward. These would include relaxing regulations for Indian and Pakistani banks, promoting more exchanges between businesspersons and business chambers, and extending long-term visas to Kashmiris wishing to cross over on the LoC bus. On Thursday, after days of speculation, External Affairs Ministry spokesperson Vikas Swarup tweeted the confirmation of the meeting: “It is confirmed. PM @narendramodi and PM Nawaz Sharif will have a bilateral meeting in Ufa tomorrow at 9.15 a.m. on sidelines of SCO Summit.”
Ø  Pitching for closer cooperation and coordination among BRICS nations, Prime Minister Narendra Modi on Thursday proposed a 10-point initiative that includes India hosting the first trade fair for the grouping and establishing research centres for railways and agriculture. At the plenary session, the Prime Minister said that “the challenges that the world is faced with are for every country. It’s important to have consensus, collaboration and cooperation between all major nations.” The proposed initiatives for the BRICS include a trade fair, a Railway Research Centre, cooperation among supreme audit institutions, a Digital Initiative and an Agricultural Research Centre.

Ø  EU President Donald Tusk said on Thursday that Greece’s creditors must make a “realistic” proposal for managing the country’s huge debt, as Athens faced a midnight deadline to submit reform plans for an international bailout. 

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